NorthGrid Solar Nears Phase One Completion of 1.7MW Rooftop Portfolio

VAUGHAN,ON, July 16, 2012 /CNW/ - NorthGrid Solar Inc. ("NorthGrid"), an Ontario-based Engineering, Procurement and Construction (EPC) company, is nearing completion of the first phase of its 1.7MW DC rooftop solar agreement with The Valecon Group (Valecon), a GTA-based commercial property developer and owner. The projects are part of the Ontario Power Authority Feed In Tariff (FIT) Program. The first phase consists of 564kW DC and is scheduled for Commercial Operation by October 2012. The second phase consists of 1.14 MW DC with construction scheduled to begin in the fall of 2012 and Commercial Operation set for the spring of 2013.

The projects utilize NorthGrid's unique elevated truss system (ETS) which provides ongoing roof access, opportunity for greater revenue and optimized system performance to the project owner. The ETS system is best suited for industrial, commercial or institutional buildings with a large number of rooftop units that cause shading or rooftops that are unable to support ballasted solar energy systems.

"The Valecon project is an important milestone for us." said Carlo Di Gioacchino, President and CEO of NorthGrid Solar Inc. "As an experience real-estate developer & owner, the Valecon Group is an important strategic customer and we looking forward to working with Valecon on future projects" said Mr. Di Gioacchino.

"After a thorough investigation of rooftop solar solutions available in the marketplace, we came to the conclusion that NorthGrid's ETS system combined with their in-house PV expertise was the only solution for our rooftops." said Domenic Gesualdi, President of The Valecon Group. "Their elevated design addressed all the concerns we had with traditional ballast mount systems," said Mr. Gesualdi, "particularly related to roof access and system weight on the roof deck."

NorthGrid Solar is scheduled to complete many ETS projects throughout Ontario.